NASCAR pulls the plug on next summer's Chicago Street Race

Key Points:

• NASCAR has canceled the 2027 Chicago Street Race in Grant Park due to an inability to finalize a deal with the city, including a $10 million funding gap in state grants, but remains interested in returning in the future.
• Instead, NASCAR will bring back the Cup Series race to Chicagoland Speedway in Joliet on June 25-27, 2027, following a successful event there over the July Fourth weekend that attracted 50,000 fans.
• The Chicago Street Race, held from 2023 to 2025, showcased the city to a global audience and generated significant economic impact, including $128 million in 2024, but it was not directly profitable for NASCAR or the city.
• Despite the race's hiatus, NASCAR will keep its downtown Chicago office open and continue community programs, with the city expressing openness to future NASCAR events that align with local goals.
• The mayor’s office highlighted the benefits of hosting NASCAR, emphasizing opportunities for economic growth and community partnerships while maintaining a cautious but hopeful stance on the event’s potential return.